In yet another positive sign for national home values, CoreLogic’s August Home Price Index reveals a year-over-year increase of 4.6 percent and a month-over-month gain of 0.3 percent. The improvement marks the sixth consecutive price increase on both a year-over-year and month-over-month basis. And, when excluding sales of distressed properties, prices nationwide were up 4.9 percent compared to one year earlier. Mark Fleming, CoreLogic’s chief economist, said he expects the price gains to continue in September and points out that the recent improvement has been increasingly geographically diverse. According to Fleming, only six states continue to show declining prices. CoreLogic is forecasting a 5.0 percent improvement for their upcoming September price report. More here and here.
